Monopolies may earn positive economic profits in
a. only the short run.
b. the short run or the long run.
c. only the long run.
d. never.
B
Economics
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After firm A acquired firm B, it lowered the prices for the goods produced by both firms. This can increase profits if the goods are
a. Substitutes b. Complements c. Not related d. None of the above
Economics
A country that fixes a price for its currency that is above the market price will:
A. eventually increase the value of its currency. B. accumulate official reserves. C. increase its money supply. D. lose official reserves.
Economics